GDP components · United States
United States Nonfarm Productivity QoQ Prel
The United States Nonfarm Productivity QoQ Prel is one part of the national accounts of the United States: what households spend, what businesses invest, what they earn, or how productive workers are.
- Importance
- Medium
- Released
- Quarterly
- Next release
- Currency
- USD · US dollar
- Central bank
- The Federal Reserve
Latest figures
The latest release for Q2, published on 6 August 2026, came in at 1.4%, above the consensus of 0.6%, up from 0.8% the time before (revised).
A stronger figure than expected points to a healthier economy: it usually supports the US dollar and local stocks, and can push bond yields up.
Over the last 7 releases it ranged from -0.8% to 4.9%, averaging 1.8%.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 6 Aug 2026 | Q2 | 1.4% | 0.6% | 0.8% ® |
| 7 May 2026 | Q1 | 0.8% | 1.4% | 1.6% ® |
| 5 Mar 2026 | Q4 | 2.8% | 1.9% | 5.2% ® |
| 8 Jan 2026 | Q3 | 4.9% | 3% | 4.1% ® |
| 7 Aug 2025 | Q2 | 2.4% | 2% | -1.8% ® |
| 8 May 2025 | Q1 | -0.8% | -0.7% | 1.7% ® |
| 6 Feb 2025 | Q4 | 1.2% | 1.4% | 2.3% ® |
Why it matters
GDP's headline hides its drivers. Household spending is usually the largest part of demand; investment is the most cyclical and tells you about firms' confidence; productivity and labour costs decide whether growth can continue without inflation.
How it is calculated
the Bureau of Labor Statistics (prices and jobs), the Bureau of Economic Analysis (GDP, income and spending) and the Census Bureau (retail sales, housing, trade) estimates each component from surveys, tax and trade data, after inflation where noted ("real").
What changes mean
- Strong spending with weak income growth cannot last: watch the savings rate.
- Productivity growth lets wages rise without pushing up prices; unit labour costs show the opposite.
Higher than expected: A stronger figure than expected points to a healthier economy: it usually supports the US dollar and local stocks, and can push bond yields up.
Lower than expected: A weaker figure than expected points to slowing activity: the US dollar tends to soften and markets price in lower rates.
A short history
The components follow the expenditure approach to GDP set out by Keynesian economics in the 1930s and standardised in the System of National Accounts.
Questions
What is the United States Nonfarm Productivity QoQ Prel?
The United States Nonfarm Productivity QoQ Prel is one part of the national accounts of the United States: what households spend, what businesses invest, what they earn, or how productive workers are.
What was the latest United States Nonfarm Productivity QoQ Prel?
1.4% for Q2, published on 6 August 2026 (consensus 0.6%, previous 0.8%).
When is the next United States Nonfarm Productivity QoQ Prel?
On Thursday 5 November 2026 at 13:30 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.